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How is the loan balance credit applied to my mortgage?
How is the loan balance credit applied to my mortgage?
Alex avatar
Written by Alex
Updated over a week ago

When you redeem your Rocket Rewards points for loan balance credit, it’s applied directly to your mortgage loan balance (sometimes known as a principal balance). While this doesn’t reduce the amount you owe for your monthly mortgage payment, it helps you pay off your loan faster and pay less in interest overall.


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